Trexquant Investment LP trimmed its holdings in Federal Agricultural Mortgage Co. (NYSE:AGM – Free Report) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,863 shares of the credit services provider’s stock after selling 1,046 shares during the period. Trexquant Investment LP’s holdings in Federal Agricultural Mortgage were worth $547,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Federal Agricultural Mortgage in the third quarter worth approximately $31,000. Principal Securities Inc. bought a new stake in Federal Agricultural Mortgage in the fourth quarter worth approximately $34,000. Federated Hermes Inc. grew its position in Federal Agricultural Mortgage by 464.7% in the third quarter. Federated Hermes Inc. now owns 288 shares of the credit services provider’s stock worth $44,000 after acquiring an additional 237 shares in the last quarter. SRS Capital Advisors Inc. grew its position in Federal Agricultural Mortgage by 304.6% in the fourth quarter. SRS Capital Advisors Inc. now owns 263 shares of the credit services provider’s stock worth $50,000 after acquiring an additional 198 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its position in Federal Agricultural Mortgage by 14.7% in the third quarter. Parkside Financial Bank & Trust now owns 641 shares of the credit services provider’s stock worth $99,000 after acquiring an additional 82 shares in the last quarter. 68.03% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $212.00 price objective (down from $225.00) on shares of Federal Agricultural Mortgage in a report on Wednesday, May 8th.
Read Our Latest Analysis on AGM
Federal Agricultural Mortgage Price Performance
NYSE AGM opened at $174.67 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.38. The company has a fifty day simple moving average of $183.94 and a 200 day simple moving average of $182.45. The company has a market cap of $1.90 billion, a P/E ratio of 10.65, a P/E/G ratio of 1.50 and a beta of 1.08. Federal Agricultural Mortgage Co. has a 1 year low of $132.47 and a 1 year high of $199.40.
Federal Agricultural Mortgage (NYSE:AGM – Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The credit services provider reported $3.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.94 by $0.02. The business had revenue of $403.63 million during the quarter, compared to the consensus estimate of $92.22 million. Federal Agricultural Mortgage had a net margin of 13.79% and a return on equity of 22.01%. During the same period in the prior year, the firm earned $3.56 EPS. On average, sell-side analysts predict that Federal Agricultural Mortgage Co. will post 16.67 EPS for the current year.
Federal Agricultural Mortgage Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 3.21%. The ex-dividend date is Friday, June 14th. Federal Agricultural Mortgage’s payout ratio is currently 34.15%.
Federal Agricultural Mortgage Profile
Federal Agricultural Mortgage Corporation provides a secondary market for various loans made to borrowers in the United States. It operates through four segments: Corporate AgFinance, Farm & Ranch, Rural Utilities, and Renewable Energy. The company’s Agricultural Finance line of business engages in purchasing and retaining eligible loans and securities; guaranteeing the payment of principal and interest on securities that represent interests in or obligations secured by pools of eligible loans; servicing eligible loans; and issuing LTSPCs for eligible loans.
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